The Shadow Market by Eric J Weiner
How a Group of Wealthy Nations and Powerful Investors Secretly Dominate the World

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Acclaimed financial journalist Eric J. Weiner reveals how foreign countries and private investors are increasingly controlling the global economy and secretly wresting power from the United States in ways that our government cannot reverse and about which the average American knows nothing.

The most potent force in global commerce today is not the Federal Reserve, not the international banks, not the governments of the G7 countries, and certainly not the European Union. Rather, it is the multi-trillion-dollar network of super-rich, secretive, and largely unregulated investment vehicles—foreign sovereign wealth funds, government-run corporations, private equity funds, and hedge funds—that are quietly buying up the world, piece by valuable piece.

As Weiner’s groundbreaking account shows, the shadow market doesn’t have a physical headquarters such as Wall Street. It doesn’t have a formal leadership or an index to track or a single zone of exchange. Rather, it comprises an invisible and ever-shifting global nexus where money mixes with geopolitical power, often with great speed and secrecy.

Led by cash-flush nations such as China, Kuwait, Abu Dhabi, Singapore, Saudi Arabia, and even Norway, the shadow market is hiring the brightest international financial talent money can buy and is now assembling the gigantic investment portfolios that will form the power structure of tomorrow’s economy.

Taking advantage of the Great Recession and subsequent liquidity problems in the United States and Europe, the major players of the shadow market are deploying staggering amounts of cash, controlling the capital markets, and securing not only major stakes in multinational companies but huge tracts of farmland and natural resources across the world. Yet that’s not all; they’re also pursuing political agendas made possible by their massive wealth and are becoming increasingly aggressive with the United States and other governments.

Highly informative and genuinely startling, The Shadow Market moves the conversation from “international competition” to “global financial warfare,” and stands as an urgent must-read for anyone interested in the future of the global economy, America’s position in the world, or how and where to invest money today.

About Eric J Weiner

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Eric J. Weiner has covered business and economics issues for fifteen years as a writer and editor. His critically acclaimed first book, WHAT GOES UP: The Uncensored History of Modern Wall Street as told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, was published in September 2005 by Little, Brown and Company, and was selected as one of the year’s best books by Barron’s magazine and one of the year’s “Most Enriching Reads” by Kiplinger’s. He is a former columnist and reporter for Dow Jones Newswires, and he has written for The Wall Street Journal, Los Angeles Times, The Boston Globe, The Village Voice, and countless other major publications. He also is a contributor to the news and opinion website The Huffington Post. He lives in Great Barrington, Massachusetts, with his wife, Paige and their son, Jake.
Published September 21, 2010 by Scribner. 336 pages
Genres: Business & Economics, History. Non-fiction

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Kirkus Reviews

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Business and economics journalist Weiner (What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, 2005) looks at how wealthy nations in Asia and the Middle East are using shrewd investments to gain power on the ...

Sep 07 2010 | Read Full Review of The Shadow Market: How a Grou...

Publishers Weekly

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For Weiner (What Goes Up), the “shadow market”—an invisible nexus of wealthy nations, hedge funds, and private equity funds—controls access to capital and natural resources, and by extension, the glob

Aug 02 2010 | Read Full Review of The Shadow Market: How a Grou...

BC Books

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It has also been punishing nations that contradict it on points near and dear to China's agenda — when France supported Tibet, China's trade mission ignored it until France repented.

Oct 10 2010 | Read Full Review of The Shadow Market: How a Grou...

Seattle PI

It's so much a magnet for capital, for example, that most of the shadow market players are investing in China, rather than the U.S. Indeed, part of the reason why banks in the U.S. have not been investing in the American economy during the Great Recession has been that a great deal of money is fl...

Apr 26 2011 | Read Full Review of The Shadow Market: How a Grou...

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